Side-by-Side Duplex with
New
For Sale
$799,000
290-292 Marble Island Road, Colchester, VT 05446
Multi-Family, Colchester, VT
Property Size3,328 SF
Lot Size0.53 Acres
Price / SF$240.08
Days on Market7
Property Features for 290-292 Marble Island Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Basement, Bathroom 2, Bedroom 4, Bathroom 1
Parking features
Driveway, Garage, Assigned
Patio and Porch features
Deck
Exterior features
Deck, Natural Shade
Appliances
Natural Gas Water Heater, Water Heater off Boiler
Lot features
Level, Near School(s)
Elementary school
Porters Point School
Middle school
Colchester Middle School
High school
Colchester High School
Elementary school district
Colchester School District
Middle school district
Colchester School District
High school district
Colchester School District
Standard status
Active
Size
3,328 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10883
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Baseboard, Oil
Water source
Public
Building Details
Year built
1992
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Split Level
Listing Agency:
Ridgeline Real Estate
(802) 540-1366
Listed By:
Cam Tu Thai
(802) 735-7353
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 6 at 12:06AM
MLS# 5112217
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,328-square-foot duplex contains two side-by-side residences, each arranged across three levels and equipped with a deep one-car garage, deck, assigned parking, and its own outdoor area. The first residence has two bedrooms and one-and-a-half baths; the second has three bedrooms and one-and-a-half baths, with its third bedroom in the finished lower level. Both lower levels provide additional living space, laundry hookups, and storage. Built in 1992, the property has R2 zoning and sits on 0.53 acres.
At 290-292 Marble Island Road in Colchester, the property is described as being in a lake-area setting near beaches and recreation. A limited lake view is also noted.
At 290-292 Marble Island Road in Colchester, the property is described as being in a lake-area setting near beaches and recreation. A limited lake view is also noted.
Key Highlights
- Two side‑by‑side residences totaling 3,328 square feet
- 0.53‑acre parcel with R2 zoning
- Two‑bedroom unit and three‑bedroom unit; each has one‑and‑a‑half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,757
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,140
$735.1K
Cap Rate 7%
$525,100
$525.1K
Cap Rate 9%
$408,411
$408.4K
Market Conditions
NOI Build-Up for 3,328 SF
Gross rent
$53.1K $15.96/SF
− Vacancy
−$606 −$0.18/SF
EGI
$52.5K $15.78/SF
− OpEx
−$15.8K −$4.73/SF
NOI
$36.8K $11.04/SF
Area
Chittenden County, VT
Vacancy
1.14%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$735,140
Cap Rate 7%
$525,100
Cap Rate 9%
$408,411
Alternative Uses
Best Use
Multifamily LT 5
$525.1K
$459.5K – $612.6K
NOI $36,757 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$465.0K
$406.9K – $542.5K
NOI $32,552 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$912.8K
$798.7K – $1.06M
NOI $63,898 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 05446, VT
16,081
Population
7,679
Households
2.1
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
36.6 sq mi
ZIP Area
439
Density / Sq Mi
$97,442
Median Household Income
$52,101
Median Earnings
$1,323
Median Rent
$357,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate decks, assigned parking, and outdoor areas accompany each residence.
Where is this duplex located?
The property is located at 290-292 Marble Island Road Colchester, VT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two side‑by‑side residences totaling 3,328 square feet; 0.53‑acre parcel with R2 zoning; Two‑bedroom unit and three‑bedroom unit; each has one‑and‑a‑half baths
